The missives about home-hunting in the Hub have been pouring in, along with some other anecdotes about the region's housing market as well. For instance: triple-decker trading in Greater Boston's Neighborhood of the Year.
A reader familiar with the market in Dorchester tells us this:
After watching the market for a while it seems that all the properties running along Dorchester Ave. from South Boston to Milton have been aggressively purchased by foreigners and converted to condos. And the majority of triples in and around Dot. Ave. that are not bought with cash are involved in bidding wars as they hit the market.
Just last week I wanted to put in an offer for a three-family triple on the corner of Gallivan Blvd. and Dorchester Ave. The triple was on the market for $560,000 and in less than three days after it was listed I was told it was under agreement and someone bought it with cash.
What're you seeing? Let us know via the always-discreet Curbed Boston Tipline.
· In Today's Boston Housing Market, 25 Percent Down Is Nothing [Curbed Boston]
· A Boston Buyer on the Current Market: 'This Is Just Stupid' [Curbed Boston]
· Greater Boston's 2014 Neighborhood of the Year: Dorchester! [Curbed Boston]